Ocean Network Express Pte. Ltd. (ONE), the newly merged entity that brings together the container shipping divisions of Japan’s three largest ocean carriers – Nippon Yusen Kabushiki Kaisha (NYK Line), Mitsui O.S.K. Lines, Ltd (MOL) and Kawasaki Kisen Kaisha, Ltd. (“K” Line) – will begin accepting bookings starting Feb. 1, 2018, according to a statement from the company.
ONE said it will begin taking bookings in stages, as there will be as many as four booking options (NYK, MOL, “K” Line and ONE) during the transition period.
In an effort to help existing and future customers place bookings with the correct party, ONE has created interactive and pdf format informational guides for the vessel operators on each route and service, dubbed the “Booking Ownership Guide” and “Vessel Voyage Direction List.”
The company said it would also make every attempt to coordinate between the various sales and booking departments in the event that a customer makes a booking with the incorrect operator.
The accepting of bookings for jointly operated ONE services represents the culmination of a process that began Oct. 31, 2016, when NYK, MOL and “K” Line announced they had entered into an agreement that would combine their container shipping businesses into one cohesive entity.
On July 7, 2017, the carriers established a new holding company in Tokyo, dubbed Ocean Network Express Holdings, Ltd., and a new operating company in Singapore, referred to as Ocean Network Express Pte. Ltd.
The newly merged company is scheduled to begin offering container shipping services from April 1, 2018.
Just yesterday, NYK, MOL and “K” Line all announced improving financial results for the nine months ended Dec. 31, 2017, as rising container transport volumes were offset in part by limited growth in spot container freight rates.
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